Langley Holdings releases 2011 Annual Report

Langley Holdings plc today published its Annual Report & Accounts for the year ended 31st December 2011.

Reporting a profit before tax of €76.3 million (2010: €65.6m) on revenues of €494.7 million (2010: €399.6m), Tony Langley said in his Chairman's Review that on the whole, 2011 was a "very satisfactory" year with the outlook for 2012 looking positive. The Group finished the year with a new record result for both operating and pretax profits.

About Langley

Langley Holdings plc is a globally operating, multi-disciplined engineering group, specialising in capital equipment technologies. Hitherto, the group comprised 4 divisions: Piller (www.piller.com), headquartered near Hanover in Germany, a leading producer of high-end power protection systems primarily for data centres and a producer of aircraft ground power equipment and military electrical systems; Claudius Peters (www.claudiuspeters.com), headquartered near Hamburg in Germany, primarily a plant machinery builder to the cement and steel industries, with an aircraft parts division; ARO (www.arotechnologies.com), headquartered near Tours in France, is a leading producer of resistance welding equipment to the automotive industry and; several other mainly smaller mainly UK based specialist engineering businesses, further information of which can be accessed via the main portal. In 2011 the group recorded revenues of circa €500 million and pre-tax profits around €76 million. The group was established in 1976 by the present Chairman & CEO, Tony Langley, who remains the sole shareholder. The group’s 2011 Annual Report & Accounts are available for down-load from the Langley website: www.langleyholdings.com